Progressive Insurance® Introduces Pet Insurance for Cats and Dogs
Progressive (NYSE:PGR) launched a new pet insurance product for cats and dogs on January 20, 2026, underwritten directly by Progressive and administered by Companion Protect.
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Rhea-AI Summary
Progressive (NYSE:PGR) launched a new pet insurance product for cats and dogs on January 20, 2026, underwritten directly by Progressive and administered by Companion Protect.
The offering includes Accident & Illness plans, an optional Wellness endorsement, customizable deductibles/reimbursements/annual limits, online claims, and access to licensed vet experts. Average policy cost is $47 per month. The product is available in 43 states and D.C. and is expected to be nationwide in 2026. Pets Best will continue servicing existing Pets Best policyholders.
Positive
- Underwritten directly by Progressive, increasing control over pricing
- Average premium $47/month—a clear pricing benchmark
- Available in 43 states and D.C.; nationwide rollout expected in 2026
- Customizable plans with Accident & Illness plus optional Wellness endorsement
Negative
- Not yet nationwide—availability limited outside the 43 states and D.C.
- Premiums and eligibility vary by age and breed, reducing price predictability
- Administration split: new product via Companion Protect while Pets Best continues service
Details
News Market Reaction – PGR
On Jan 20, the day this news came out, PGR closed 0.77% above the previous close.
Data tracked by StockTitan Argus for the Jan 20 session.
Key Figures
- Average monthly premium
- $47 per month
- Average cost for Progressive Pet Insurance policies
- State availability
- 43 states and D.C.
- Progressive Pet Insurance current footprint
- Years offering pet insurance
- More than 15 years
- History of pet insurance via Pets Best
- Countrywide target year
- 2026
- Expected nationwide availability for Progressive Pet Insurance
Historical Context
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November 2025 premiums rose while net income and EPS declined modestly.
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Expanded Best Egg loan access within Progressive’s customer ecosystem.
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Declared $13.50 annual and $0.10 quarterly dividends with 2026 meeting dates.
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October 2025 premiums and income grew, with improved combined ratio.
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Keys to Progress® donated 100 vehicles to veterans nationwide.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
accident and illness financial
wellness endorsement financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The new offering, underwritten by Progressive, helps pet parents manage
unexpected and costly vet bills
The new offering is underwritten directly by Progressive and its affiliated underwriting companies and administered by pet insurance program provider Companion Protect. Customers can expect the same high standard of service and support Progressive prides itself on across all its products, as well as competitive pricing and customizable options that allow customers to select the coverage that best fits their unique needs and budget.
"At Progressive, we share the love and enthusiasm people have for their pets and we're excited to continue to deliver on our commitment to helping people protect what matters most to them with this new offering," said Progressive Pet Insurance Business Leader Drew Purcell. "There's a growing demand for pet insurance and this new product reflects our dedication to meeting that need and building an enduring brand by expanding our portfolio into new markets with competitive prices and high-quality service."
Progressive Pet Insurance policies cost
Customers can service their policy and file claims online and will have access to help from licensed vet experts online or by phone through Companion Protect's CARE team. Discounts may be available for multi-pet policyholders, existing Progressive customers, and those who add the Wellness endorsement to their Accident and Illness coverage plan.
The new product is being offered alongside Progressive's long-standing pet insurance program administered by Pets Best, which will continue to provide new and existing Pets Best policyholders with servicing and claims support.
Progressive has long been a leader when it comes to protecting pets as it has offered pet insurance for more than 15 years through Pets Best and was the first auto insurer to offer Pet Injury coverage on personal auto policies with collision insurance.
Progressive Pet Insurance is currently available in 43 states and D.C. and is expected to be available countrywide in 2026.
To learn more about Progressive Pet Insurance, please visit progressive.com/pet-insurance.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village,
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SOURCE Progressive Insurance
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